https://www.taxtmi.com/caselaws?id=263097 Under the amended excise valuation scheme, the agreed price at the time and place of removal remained the controlling basis, and a cash discount known under the sale terms before clearance had to be excluded from assessable value even if not deducted at invoice stage. The earlier authorities on trade and prompt-payment discounts continued to apply, while the sales tax incentive precedent was distinguishable because it involved amounts not actually paid to the State. Questions concerning defective goods, volume discount and sales tax required factual reconsideration and were remanded for fresh adjudication by the competent authority. en-us Tue, 25 Aug 2015 00:00:00 +0530 Fri, 25 Jul 2025 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263097 Under the amended excise valuation scheme, the agreed price at the time and place of removal remained the controlling basis, and a cash discount known under the sale terms before clearance had to be excluded from assessable value even if not deducted at invoice stage. The earlier authorities on trade and prompt-payment discounts continued to apply, while the sales tax incentive precedent was distinguishable because it involved amounts not actually paid to the State. Questions concerning defective goods, volume discount and sales tax required factual reconsideration and were remanded for fresh adjudication by the competent authority. Case-Laws Central Excise Tue, 25 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263097